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AP U.S. History 1.2 Period 7: 1890-1945 238 Views


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AP U.S. History 1.2 Period 7: 1890-1945. Antitrust laws like the Clayton Act were a direct response to what development in the United States economy?

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Transcript

00:00

[ musical flourish ]

00:03

And here's your Shmoop du jour, brought to you by organized labor,

00:07

your mom's idea of a better chore system.

00:10

All right, give this excerpt a read.

00:12

[ mumbles ]

00:14

[ mumbling continues ] ... and, yeah. Clayton Antitrust.

00:16

All, right and the question: Anti-trust laws like the Clayton Act,

00:19

were a direct response to what development in the U.S. economy?

00:23

And here are your potential answers.

00:25

[ cow moos ]

00:27

First off, let's remember what was happening in the U.S.

00:29

economy at this time.

00:30

Industrialization meant tons and tons of goods produced

00:34

by bigger and bigger corporations.

00:36

So consumer access to all kinds of fun new stuff?

00:38

Great. But sometimes this increase in production efficiency

00:42

came at a cost to consumers, as well.

00:44

Let's see what the Clayton Act was trying to fix.

00:47

Was the Clayon Act a direct response to A -

00:49

the growing reliance on immigrant labor?

00:52

Well, actually, cheap immigrant labor was a key factor

00:54

in the rapid growth of the industrial economy, so these laws

00:57

didn't really relate to them. That knocks out A.

00:59

Could the Clayton Act have been a response to B -

01:01

the political pressure of agricultural producers?

01:04

Well, these antitrust laws were almost exclusively focused

01:06

on the industrial domestic economy,

01:09

not agriculture or foreign markets.

01:11

So that's lights out for B and D.

01:13

That means the Clayton Act was a direct response to C -

01:16

the rise of corporations and company mergers.

01:19

After the Sherman Act of 1890,

01:21

more company mergers occurred than at any other point

01:23

in American history. Instead of forming cartels,

01:26

which the law prohibited, companies

01:28

could just merge with each other and form corporations

01:31

enjoying the same benefits that the cartels did.

01:33

The Clayton Act tried to put a stop to all that, so C is the right answer.

01:36

You know, if you're ever looking for a great loophole, forget Grandma.

01:40

Ask a corporate lawyer.

01:42

[ rooster crows ]

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